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| 5th
June 2001 - Statement issued to the press |
QPR
1st has renewed its plea to potential new owners to come forward
and buy QPR and the Loftus Road ground.
Loftus Road plc, which comprises Queens Park Rangers Football Club
and the Loftus Road stadium, is currently in administration, and
up for sale.
QPR 1st spokeswoman Libby Magrill said: "Our understanding is that
none of the reported bids have yet been finalised. This is naturally
creating a climate of apprehension amongst the fans. Owner Chris
Wright has pledged to support the club financially through until
October. But that is less than four months away, and the long-term
future of the club remains uncertain."
QPR 1st is inviting potential new owners to take over the club and
work in partnership with the fans. The message from QPR 1st to any
new owner is that they don't have to expect to lose money by keeping
QPR at Loftus Road.
Libby Magrill said: "The outside perception of QPR is that the club
is haemorrhaging money and can't operate within budget outside the
Premiership. Therefore buyers are not flocking to our door. If one
of football's defining characteristics is to ignore normal business
practice and freelance the whole exercise on a seat-of-pants basis,
then maybe it's time someone did it by the book.
"With the right business plan, realistic for a club in the Second
Division, and working in constructive partnership with the fans,
there is no reason why a club owning its own stadium and enjoying
good support cannot operate successfully." |
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